(Bloomberg) — Faurecia SE is exploring the sale of some non-core assets after completing its purchase of German automotive supplier Hella GmbH, according to people familiar with the matter.
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The French auto parts group is working with advisers as it weighs selling its emissions-control unit and Hella’s special applications division, the people said, asking not to be identified discussing confidential information.
The emissions business may fetch about 500 million euros ($534 million), while the Hella unit could be valued at as much as 1 billion euros, the people said.
Deliberations are ongoing and no final decisions on whether to proceed with the disposals have been taken, according to the people. A representative for Faurecia didn’t immediately respond to requests for comment.
Faurecia agreed to buy Lippstadt-based Hella for 6.8 billion euros last year to gain expertise in power and battery electronics, as well as radar sensors for autonomous-driving systems. Automotive suppliers continue to reshape their business as the industry’s shift to electric cars with advanced-assistance systems intensifies with a range of countries planning to ban sales of combustion-engine cars.
A strategic review of Hella’s special applications business, which supplies lighting and electronic components to customers ranging from makers of construction machinery to boat builders, was announced in April.
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